LLOYD LOWNDES, ESQUIKE, GOVERNOR.

and maintaining water works capable of furnishing the resi-
dents of Williamsport with a good and sufficient supply of
water, and also to properly equip, erect and maintain an elec-
tric light, heat and power plant for lighting the streets and
alleys of said town, and to supply the citizens and corporations
of said town and its vicinity with electricity in any or all
forms ; the Burgess and Commissioners of Williamsport be
and they are thereby authorized and directed to borrow money
on the credit of said town, to an amount not exceeding twenty
thousand dollars, and to issue registered coupon bonds of said
town, in payment of the said sum and the interest thereon to
accrue ; provided, however, that the question of the issue of
said bonds shall be submitted to the legal and qualified voters
of said town at the town election held in said town next suc-
ceeding the passage of this Act. The said bonds shall be
issued in sums of not less than fifty dollars nor more than five
hundred dollars each, shall have coupons attached for the
interest thereon, payable semi annually at a rate not exceeding
five per centum per annum, shall each be signed by the Bur-
gess and countersigned by the clerk to the Burgess and Com-
missioners of Williamsport, with the corporate seal of said
town affixed, and shall be registered by said clerk in a book to
be especially provided for that purpose. The said bonds shall
be issued at such time as the said Burgess and Commissioners
shall determine, subject to the provisions of this Act, provided
that the date of issue shall not be later than the first day of
July, eighteen hundred and ninety-nine. The said bond shall
be issued in series numbered from series one to series twenty,
each series to be of the amount of one thousand dollars and
payable to the said amount of one thousand dollars annually
until the end of the said twenty years; they shall be sold at
public or private sale as the said Burgess and Commissioners
shall decide is for the best interests of the taxpayers of said
town, and shall not be sold for less than their par value; they
shall be exempt from municipal or county taxation, and shall
have printed on them a distinct reference to the Act of
Assembly authorizing their issue.

SEC. 2. And he it enacted, That at the town election to be
held in Williamsport next succeeding the passage of this Act,
a vote shall be taken by the legal and qualified voters of said
town whether or not the bond issue, herein provided for, shall
be made, which election shall be held under the provisions of
law now governing elections in said town, and for the purposes
of taking said vote there shall be printed a ticket upon which

99

Authorized
and directed
to borrow
money.

Vote to be
taxen.